Elon Musk’s payment project X Money for X (formerly Twitter) is taking on a more concrete form. According to newly disclosed information, the physical debit card X Card is preparing for an official launch, and internal testers in the United States are already able to apply for the card. Visa will handle the card’s issuance, and it is expected to offer cash-back rewards and design customization options. X Money is also expected to include a direct deposit feature.
This would allow users to receive their salaries directly into their X accounts, and creator earnings on the platform could be deposited instantly without going through a separate bank account. The project has said that it aims to complete an internal beta by early April and begin initial public access for general users, raising market expectations. As a result, the crypto market has focused attention on whether cryptocurrency will be adopted. Various speculations have circulated, with most analysts expecting cryptocurrency to be adopted, but no concrete announcements have yet been made.
Bitcoin (BTC) is frequently cited as the most likely coin when X Money implements cryptocurrency payments. Given X Money’s aim to become a global payment network, analysts say adopting Bitcoin—widely recognized and highly liquid—would be natural and stable. From a regulatory standpoint, Bitcoin also holds an advantageous position, as it is classified as a commodity in the United States, reducing regulatory uncertainty relative to other tokens. Tesla, led by Musk, at one point adopted Bitcoin payments, though it later suspended them citing environmental concerns, and the possibility of reinstatement has been discussed.
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